A proposal to let private firms perform regulatory scrutiny of registered investment advisers has left the industry divided.
Dark pool IEX’s famed speed bump, intended to thwart high frequency traders, draws fire as the firm seeks public exchange status from the SEC.
Tonight’s leap second will provide a major test for Wall Street’s technology resilience in the post–Flash Crash era.
New rules are shining a light on often opaque investments. The hope: that transparency will reduce fees and promote innovation.
#18 Steven Randich, Chief Information Officer, Financial Industry Regulatory Authority
Big data bites back, as an industry that embraces advanced analytics technology is spooked by how a regulator wants to use it.
Independent advisers complain that the Financial Industry Regulatory Association has no business overseeing them because they aren’t affiliated with broker-dealers, and that the quality of their advice would suffer as a result.
Moves against investment advisers by the Securities and Exchange Commission have climbed 30 percent this fiscal year, while those against broker-dealers rose at twice that pace.
High frequency trading strategies are behind at least 50 percent of all U.S. stock trades. Investment managers can expect the SEC to focus more on risks to ensure effective markets.
Financial Industry Regulatory Authority is in the midst of drafting rules prohibiting broker-dealers who are also third-party marketers from making political contributions to certain government officials.